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Buy Bikaji Foods International Ltd For Target Rs.575 - JM Financial Institutional Securities Focus on building capabilities as opportunities beckon The opportunity in the Indian savoury snacks segment is extremely attractive and Bikaji is capitalising on it by leveraging its brand strength and augmenting its manufacturing and distribution capabilities (Exhibit 4/5). Despite its well-entrenched presence in core markets, the company is able to drive strong growth in these markets – a function of market share gains led by initiatives around improving quality of distribution. In...
Buy Bikaji Foods International Ltd For Target Rs.575 - JM Financial Institutional Securities
Buy Bikaji Foods International Ltd For Target Rs.575 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
7/09/2023 3:02:33 PM
Avanti Feeds inches up on working on multi-pronged strategy to maintain growth Avanti Feeds is currently trading at Rs. 439.25, up by 1.45 points or 0.33% from its previous closing of Rs. 437.80 on the BSE. The scrip opened at Rs. 443.65 and has touched a high and low of Rs. 443.65 and Rs. 436.35 respectively. So far 3888 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.95 on 16-Sep-2022 and a 52 week low of Rs. 321.15 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs....
Avanti Feeds inches up on working on multi-pronged strategy to maintain growth
Avanti Feeds inches up on working on multi-pronged strategy to maintain growth
Source: Accord Fintech
6/09/2023 10:02:36 AM
Hatsun Agro Product gains on setting up 200th outlet under IBACO brand in Hyderabad Hatsun Agro Product is currently trading at Rs. 1160.00, up by 9.65 points or 0.84% from its previous closing of Rs. 1150.35 on the BSE. The scrip opened at Rs. 1140.00 and has touched a high and low of Rs. 1161.00 and Rs. 1131.00 respectively. So far 982 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1189.00 on 16-Aug-2023 and a 52 week low of Rs. 786.00 on 29-Mar-2023. Last one week high and low of the scrip ...
Hatsun Agro Product gains on setting up 200th outlet under IBACO brand in Hyderabad
Hatsun Agro Product gains on setting up 200th outlet under IBACO brand in Hyderabad
Source: Accord Fintech
18/08/2023 12:29:32 PM
Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd * Britannia Industries (BRIT)’s revenue was in line while profitability was slightly below our estimates at ~INR4.5b (est. INR4.7b). GP margin and EBITDA margin expanded YoY due to moderating RM prices while they contracted 300/270bp QoQ because of PLI scheme in 4QFY23 and price cuts taken in 1QFY24. * In response to the prevailing trend of smaller regional players offering more discounts and promotions due to the moderating RM prices, BRIT also implemented price reductions to mainta...
Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs 4,600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
11/08/2023 2:30:43 PM
Hatsun Agro Product gains on planning to boost overseas presence of ice- cream range Hatsun Agro Product is currently trading at Rs. 1055.00, up by 3.70 points or 0.35% from its previous closing of Rs. 1051.30 on the BSE. The scrip opened at Rs. 1051.90 and has touched a high and low of Rs. 1056.80 and Rs. 1035.00 respectively. So far 1870 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,118.50 on 09-Sep-2022 and a 52 week low of Rs. 786.00 on 29-Mar-2023. Last one week high and low of the scri...
Hatsun Agro Product gains on planning to boost overseas presence of ice- cream range
Hatsun Agro Product gains on planning to boost overseas presence of ice- cream range
Source: Accord Fintech
9/08/2023 1:19:39 PM
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd * Britannia Industries (BRIT)’s revenue was in line while profitability was slightly below our estimates at ~INR4.5b (est. INR4.7b). GP margin and EBITDA margin expanded YoY due to moderating RM prices while they contracted 300/270bp QoQ because of PLI scheme in 4QFY23 and price cuts taken in 1QFY24. * In response to the prevailing trend of smaller regional players offering more discounts and promotions due to the moderating RM prices, BRIT also implemented price reductions to mainta...
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd
Neutral Britannia Industries Ltd For Target Rs. 4,600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
9/08/2023 12:52:43 PM
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd Mixed revenue growth: Britannia posted mixed growth with revenue at Rs 4,011cr, up by 8.4% YoY and on sequential basis, growth was flat. Further, during the quarter, the company’s mixed growth suggested that on one hand investment in brands and growth from urban states were strong. However, on the other hand, volumes remained flattish and also they took grammage addition and price reduction of certain products to sustain competition from local players which impacted revenue growth to ce...
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd
Buy Britannia Industries Ltd For Target Rs.5,348 - Religare Broking Ltd
Source: Religare Broking Ltd
8/08/2023 2:37:14 PM
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd SSSG remains weak; RM trend improving * DEVYANI reported 20% YoY revenue growth (in line), aided by 28% store adds. SSSG remained weak for both KFC and PH. However, the decline in RM prices led to a 120bp gain in gross margin QoQ. Due to higher corporate G&A and employee expenses, EBITDAM contracted by ~290bp YoY to 20.5%, translating into 5% growth in EBITDA and a 39% decline in PAT.  * Due to the challenging environment, SSSG remained weak, and a recovery is expected to take ...
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
7/08/2023 2:35:07 PM
Burger King's India operator posts wider Q1 loss on higher costs  Restaurant Brands Asia on Monday reported a steeper first-quarter loss, as Burger King's India operator incurred higher raw material expenses while also spending heavily on more stores. The restaurant chain's consolidated net loss widened to 504.8 million rupees ($6.1 million) for the quarter ended June 30, from 475 million rupees a year ago, according to an exchange filing. Total expenses increased over 21% to 6.72 billion rupees, with cost of materials consumed climbing ...
Burger King's India operator posts wider Q1 loss on higher costs
Burger King's India operator posts wider Q1 loss on higher costs
Source: Reuters
7/08/2023 12:02:19 PM
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss  Shares in India's Britannia Industries fell as much as 2.2% on Monday - the biggest loser on India's bluechip index - after the Marie Gold biscuits maker reported quarterly earnings below estimates partly due to higher expenses. Britannia, which also sells cakes and breads, on Friday posted a consolidated profit of 4.58 billion rupees ($55.36 million) for the first quarter ended June 30, compared with 3.37 billion rupees a year earlier. However, that was below market expec...
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss
Biscuit maker Britannia drops most on Nifty 50 after Q1 profit miss
Source: Reuters
7/08/2023 10:36:45 AM
LT Foods soars as arm starts new facility in Uganda LT Foods soars as arm starts new facility in Uganda Aug-07-2023   09:45 Hrs IST LT Foods is currently trading at Rs. 178.80, up by 5.15 points or 2.97% from its previous closing of Rs. 173.65 on the BSE. The scrip opened at Rs. 171.05 and has touched a high and low of Rs. 178.95 and Rs. 171.05 respectively. So far 2838 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 194.15 on 01-Aug-2023 and a 52 we...
LT Foods soars as arm starts new facility in Uganda
LT Foods soars as arm starts new facility in Uganda
Source: Accord Fintech
7/08/2023 9:59:08 AM
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities Westlife’s 1QFY24 earnings print was broadly inline with our expectations. Revenue growth was driven by healthy SSSG (+7%) and it is most likely to be ahead of peers in QSR space, in our view. While overall consumption trends remained soft; however, Westlife through its multi-channel/multi-day-part presence and initiatives around portfolio (new launches/Mcsaver value range) has been able to successfully navigate the same. Gross margins surprised positively yet again benefiting from stab...
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
5/08/2023 11:19:03 AM
KFC operator Devyani International profit slumps on expenses, weak currency  India's Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in key market Nigeria. Consolidated net profit fell to 117.6 million rupees ($1.42 million) for the first quarter ended June 30, from 738.5 million rupees in the year-ago period, according to an exchange filing. Devyani said it took a one-off hit of 473.3 million rupees during the repor...
KFC operator Devyani International profit slumps on expenses, weak currency
KFC operator Devyani International profit slumps on expenses, weak currency
Source: Reuters
4/08/2023 2:55:21 PM
Buy Heritage Foods Ltd For Target Rs. 290 - ICICI Securities Muted volumes; margin expands with correction in input prices While Heritage reported YoY EBITDA margin expansion of 145bps, we note its EBITDA margin contracted sequentially. It indicates the impact of inflation in milk prices continued to impact Q1FY24 QoQ. However, we model milk prices to deflate in rest of FY24 with normal monsoon and commencement of flush season in Q3FY24. Improvement in profitability of cattle feed segment will also likely lead to better margins ahead. The company ha...
Buy Heritage Foods Ltd For Target Rs. 290 - ICICI Securities
Buy Heritage Foods Ltd For Target Rs. 290 - ICICI Securities
Source: ICICI Direct
4/08/2023 12:50:21 PM
Buy Sapphire Foods India Ltd For Target Rs.1,542 - Centrum Broking Ltd Sapphire Foods’ Q1 print was below our estimates; consol. revenue/EBITDA grew at 19.8%/9.0%, while PAT declined 34.8%. KFC/PH India revenue grew at 21%/12% with flat SSSG in KFC, yet declined 9% for PH. However high inflation and direct taxes, SriLanka revenues grew 27% with flat SSSG. In Q1 SF added 17/16 stores under KFC/PH format (total stores count KFC/PH/Sri Lanka at 358/302/118). Despite higher inflation in dairy SF’s gross margin inched up to 68.5% (+60bp), with KFC at 68.1...
Buy Sapphire Foods India Ltd For Target Rs.1,542 - Centrum Broking Ltd
Buy Sapphire Foods India Ltd For Target Rs.1,542 - Centrum Broking Ltd
Source: Centrum Broking Ltd
4/08/2023 10:07:43 AM
Godrej Agrovet trades higher on BSE Godrej Agrovet is currently trading at Rs. 489.90, up by 4.60 points or 0.95% from its previous closing of Rs. 485.30 on the BSE. The scrip opened at Rs. 488.95 and has touched a high and low of Rs. 491.35 and Rs. 482.55 respectively. So far 5718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Godrej Agrovet trades higher on BSE
Godrej Agrovet trades higher on BSE
Source: Accord Fintech
3/08/2023 11:07:13 AM
Kothari Fermentation soars on entering into agreement with NextFerm Technologies Kothari Fermentation & Biochem is currently trading at Rs. 65.70, up by 3.03 points or 4.83% from its previous closing of Rs. 62.67 on the BSE. The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 68.00 and Rs. 62.01 respectively. So far 71733 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.90 on 27-Jul-2023 and a 52 week low of Rs. 38.26 on 03-Apr-2023. Last one week high and low of the s...
Kothari Fermentation soars on entering into agreement with NextFerm Technologies
Kothari Fermentation soars on entering into agreement with NextFerm Technologies
Source: Accord Fintech
3/08/2023 10:24:14 AM
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit Godrej Agrovet is currently trading at Rs. 496.50, up by 9.00 points or 1.85% from its previous closing of Rs. 487.50 on the BSE. The scrip opened at Rs. 501.25 and has touched a high and low of Rs. 521.95 and Rs. 492.00 respectively. So far 83904 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at...
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit
Godrej Agrovet jumps on reporting 22% rise in Q1 consolidated net profit
Source: Accord Fintech
2/08/2023 1:43:31 PM
LT Foods zooms on incorporating Step-Down subsidiary company LT Foods is currently trading at Rs. 175.35, up by 10.05 points or 6.08% from its previous closing of Rs. 165.30 on the BSE. The scrip opened at Rs. 165.30 and has touched a high and low of Rs. 176.90 and Rs. 165.30 respectively. So far 319652 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 176.90 on 31-Jul-2023 and a 52 week low of Rs. 85.00 on 11-Aug-2022. Last one week high and low of the scrip stood at Rs. 1...
LT Foods zooms on incorporating Step-Down subsidiary company
LT Foods zooms on incorporating Step-Down subsidiary company
Source: Accord Fintech
31/07/2023 2:51:28 PM
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production Davangere Sugar Company is currently trading at Rs. 78.00, up by 3.10 points or 4.14% from its previous closing of Rs. 74.90 on the BSE. The scrip opened at Rs. 74.90 and has touched a high and low of Rs. 81.90 and Rs. 74.90 respectively. So far 4082 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.75 on 18-Jan-2023 and a 52 week low of Rs. 21.00 on 22-Aug-2022. Last one week high and low of the scrip stood a...
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production
Source: Accord Fintech
31/07/2023 11:17:56 AM
Neutral Nestle India Ltd For Target Rs. 22,465- Motilal Oswal Financial Services * NEST reported 2QCY23 results that are broadly in line with expectations. It delivered double-digit growth across all products, led by a better mix, healthy volume, and better pricing, along with rapid acceleration in the outof-home (OOH) business during the quarter. * GP margin expanded 90bp YoY in line with our estimates. Management pointed that costs of edible oils, wheat and packaging materials is in lower range with stable milk cost and softening of fuel prices while Robusta prices a...
Neutral Nestle India Ltd For Target Rs. 22,465- Motilal Oswal Financial Services
Neutral Nestle India Ltd For Target Rs. 22,465- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
29/07/2023 12:36:48 PM
Nestle`s India business beats profit estimates on higher prices, demand Nestle India reported second-quarter earnings above estimates on Thursday, benefiting from price increases and demand for its chocolates and packaged foods, including Maggi noodles. The KitKat chocolate maker's profit increased to 6.98 billion rupees ($85.12 million) for the quarter ended June 30 from 5.10 billion rupees a year earlier, it said in an exchange filing. Analysts, on average, were expecting a profit of 6.69 billion rupees, according to IBES data from Refinitiv. Deman...
Nestle`s India business beats profit estimates on higher prices, demand
Nestle`s India business beats profit estimates on higher prices, demand
Source: Reuters
27/07/2023 11:42:58 AM
Buy Jubilant Foodworks Ltd For Target Rs.570 - Centrum Broking Ltd Providing value to customer to lift LFL growth in Q2 JUBI’s Q1 print was in-line; standalone revenue grew 5.6% led by decline in LFL (-1.3%), yet EBIDA/PAT declined by 9.2%/41.1%. Given strong base (41.1% growth), despite IPL event, stretched consumer spends saw 2.7% growth in ADS QoQ. Dine-in/delivery channel grew flat/8.4%. With 48% order contribution, enrolment for loyalty program grew 23.5% (16.8mn customers), yet with 10.0mn app download its MAU at 10.3mn grew 3.0% YoY. JUBI ste...
Buy Jubilant Foodworks Ltd For Target Rs.570 - Centrum Broking Ltd
Buy Jubilant Foodworks Ltd For Target Rs.570 - Centrum Broking Ltd
Source: Centrum Broking Ltd
26/07/2023 2:52:51 PM
Dodla Dairy zooms on reporting 40% rise in Q1 consolidated net profit Dodla Dairy is currently trading at Rs. 873.00, up by 106.55 points or 13.90% from its previous closing of Rs. 766.45 on the BSE. The scrip opened at Rs. 779.95 and has touched a high and low of Rs. 908.40 and Rs. 774.35 respectively. So far 59214 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 908.40 on 24-Jul-2023 and a 52 week low of Rs. 417.00 on 13-Mar-2023. Last one week high and low of the scrip stood at...
Dodla Dairy zooms on reporting 40% rise in Q1 consolidated net profit
Dodla Dairy zooms on reporting 40% rise in Q1 consolidated net profit
Source: Accord Fintech
24/07/2023 11:50:45 AM
Hold Hatsun Agro Products Ltd For Target Rs. 1,000 (INR 880) - ICICI Securities Ltd We are enthused by EBITDA margin expansion posted by Hatsun in Q1FY24 YoY. Correction in milk procurement price has resulted in gross margin expansion of 110bps QoQ. We model the full benefits of lower input prices to be visible in Q2FY24. The sale of windmill assets is likely to be value accretive in our view as the RoCE on windmill operations was lower than cost of capital. We remain positive on Hatsun structurally due to competitive advantages such as brands, distribution and milk procurem...
Hold Hatsun Agro Products Ltd For Target Rs. 1,000 (INR 880) - ICICI Securities Ltd
Hold Hatsun Agro Products Ltd For Target Rs. 1,000 (INR 880) - ICICI Securities Ltd
Source: ICICI Securities Ltd
21/07/2023 1:52:26 PM
Hatsun Agro Product soars on reporting 54% rise in Q1 net profit Hatsun Agro Product is currently trading at Rs. 1063.00, up by 87.15 points or 8.93% from its previous closing of Rs. 975.85 on the BSE. The scrip opened at Rs. 1071.05 and has touched a high and low of Rs. 1094.90 and Rs. 1046.50 respectively. So far 13900 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1118.15 on 09-Sep-2022 and a 52 week low of Rs. 786.00 on 29-Mar-2023. Last one week high and low of the scri...
Hatsun Agro Product soars on reporting 54% rise in Q1 net profit
Hatsun Agro Product soars on reporting 54% rise in Q1 net profit
Source: Accord Fintech
20/07/2023 10:36:10 AM
Sayaji Industries shines on making investment in subsidiary Sayaji Industries is currently trading at Rs. 183.75, up by 5.65 points or 3.17% from its previous closing of Rs. 178.10 on the BSE. The scrip opened at Rs. 178.45 and has touched a high and low of Rs. 183.75 and Rs. 178.45 respectively. So far 86 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 231.90 on 27-Sep-2022 and a 52 week low of Rs. 140.00 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Sayaji Industries shines on making investment in subsidiary
Sayaji Industries shines on making investment in subsidiary
Source: Accord Fintech
19/07/2023 2:47:55 PM
Avanti Feeds rises on incorporating subsidiary company in Telangana Avanti Feeds is currently trading at Rs. 408.10, up by 5.20 points or 1.29% from its previous closing of Rs. 402.90 on the BSE. The scrip opened at Rs. 412.05 and has touched a high and low of Rs. 417.20 and Rs. 406.70 respectively. So far 18239 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.95 on 16-Sep-2022 and a 52 week low of Rs. 321.15 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
Avanti Feeds rises on incorporating subsidiary company in Telangana
Avanti Feeds rises on incorporating subsidiary company in Telangana
Source: Accord Fintech
19/07/2023 11:03:06 AM
Bikaji Foods International zooms on acquiring 49% stake in Bhujialalji Bikaji Foods International is currently trading at Rs. 446.65, up by 20.30 points or 4.76% from its previous closing of Rs. 426.35 on the BSE. The scrip opened at Rs. 429.70 and has touched a high and low of Rs. 451.00 and Rs. 426.90 respectively. So far 62184 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 451.00 on 19-Jun-2023 and a 52 week low of Rs. 303.05 on 18-Nov-2022. Last one week high and low of the sc...
Bikaji Foods International zooms on acquiring 49% stake in Bhujialalji
Bikaji Foods International zooms on acquiring 49% stake in Bhujialalji
Source: Accord Fintech
19/07/2023 10:41:42 AM
Godrej Agrovet shines on getting allotted land for oil palm in Telangana Godrej Agrovet is currently trading at Rs. 501.05, up by 27.70 points or 5.85% from its previous closing of Rs. 473.35 on the BSE. The scrip opened at Rs. 476.95 and has touched a high and low of Rs. 528.00 and Rs. 467.90 respectively. So far 106952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood ...
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Godrej Agrovet shines on getting allotted land for oil palm in Telangana
Source: Accord Fintech
18/07/2023 3:43:31 PM
Avanti Feeds spurts on getting nod to incorporate subsidiary company Avanti Feeds is currently trading at Rs. 417.00, up by 11.05 points or 2.72% from its previous closing of Rs. 405.95 on the BSE. The scrip opened at Rs. 405.95 and has touched a high and low of Rs. 422.40 and Rs. 405.95 respectively. So far 52691 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.95 on 16-Sep-2022 and a 52 week low of Rs. 321.15 on 28-Mar-2023. Last one week high and low of the scrip stood at R...
Avanti Feeds spurts on getting nod to incorporate subsidiary company
Avanti Feeds spurts on getting nod to incorporate subsidiary company
Source: Accord Fintech
13/07/2023 11:20:32 AM
Bikaji Foods International zooms on incorporating wholly-owned subsidiary in USA Bikaji Foods International is currently trading at Rs. 416.55, up by 9.55 points or 2.35% from its previous closing of Rs. 407.00 on the BSE. The scrip opened at Rs. 407.00 and has touched a high and low of Rs. 419.00 and Rs. 407.00 respectively. So far 33773 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 447.00 on 25-Jan-2023 and a 52 week low of Rs. 303.05 on 18-Nov-2022. Last one week high and low of the scr...
Bikaji Foods International zooms on incorporating wholly-owned subsidiary in USA
Bikaji Foods International zooms on incorporating wholly-owned subsidiary in USA
Source: Accord Fintech
12/07/2023 3:55:24 PM
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities Superior execution to continue Over the past 5-6 years, Westlife sharpened its execution, with focus on driving ADS and margins, resulting in outperformance across key metrics (SSSG/ADS) compared to QSR peers along with uptick in profitability over FY19-23. In our view, the key differentiator has been Westlife’s a) ability to create and successfully scale up newer revenue drivers; b) well laddered portfolio ensuring value for money proposition remains intact and c) calibrated store e...
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities
Buy Westlife Foodworld Ltd For Target Rs 995 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
4/07/2023 10:57:33 AM
Patanjali Foods climbs on planning to invest up to Rs 1,500 crore in next five years on capex Patanjali Foods is currently trading at Rs. 1165.00, up by 20.35 points or 1.78% from its previous closing of Rs. 1144.65 on the BSE. The scrip opened at Rs. 1146.00 and has touched a high and low of Rs. 1175.00 and Rs. 1135.00 respectively. So far 23350 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 1495.00 on 22-Sep-2022 and a 52 week low of Rs. 851.70 on 20-Mar-2023. Last one week high and low of the scrip s...
Patanjali Foods climbs on planning to invest up to Rs 1,500 crore in next five years on capex
Patanjali Foods climbs on planning to invest up to Rs 1,500 crore in next five years on capex
Source: Accord Fintech
19/06/2023 3:43:21 PM
KRBL moves up on starting commercial production at new plant in Gujarat KRBL is currently trading at Rs. 358.70, up by 6.05 points or 1.72% from its previous closing of Rs. 352.65 on the BSE. The scrip opened at Rs. 355.90 and has touched a high and low of Rs. 361.10 and Rs. 355.40 respectively. So far 22615 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 449.40 on 14-Dec-2022 and a 52 week low of Rs. 198.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 364.45...
KRBL moves up on starting commercial production at new plant in Gujarat
KRBL moves up on starting commercial production at new plant in Gujarat
Source: Accord Fintech
15/06/2023 11:28:11 AM
Patanjali Foods climbs on aiming Rs 5K crore operational profit, Rs 50K crore turnover in next 5 years Patanjali Foods climbs on aiming Rs 5K crore operational profit, Rs 50K crore turnover in next 5 years Jun-13-2023   15:23 Hrs IST Patanjali Foods is currently trading at Rs. 1039.00, up by 17.25 points or 1.69% from its previous closing of Rs. 1021.75 on the BSE. The scrip opened at Rs. 1016.00 and has touched a high and low of Rs. 1048.00 and Rs. 1010.00 respectively. So far 13298 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 2 ha...
Patanjali Foods climbs on aiming Rs 5K crore operational profit, Rs 50K crore turnover in next 5 years
Patanjali Foods climbs on aiming Rs 5K crore operational profit, Rs 50K crore turnover in next 5 years
Source: Accord Fintech
13/06/2023 3:57:24 PM
Buy Bikaji Foods International Ltd For Target Rs.440 - JM Financial Bikaji’s 4QFY23 earnings print was sharply ahead of estimates, as miss on revenues was more than offset by much higher expansion in gross margins. Revenue performance was led by low double-digit volume growth; however, key positive surprise was gross margin delivery which was ahead of our expectations as well as higher vs management target of c.30%. The margin recovery process for Bikaji started in Q2FY23, however the pace and extent of improvement that it delivered turned out to be way...
Buy Bikaji Foods International Ltd For Target Rs.440 - JM Financial
Buy Bikaji Foods International Ltd For Target Rs.440 - JM Financial
Source: JM Financial Institutional Securities
9/06/2023 3:08:50 PM
Leading state owned financial institution KFC's profit quadruples Leading state owned financial institution, Kerala Financial Corporation (KFC), has quadrupled its net profit for the financial year that ended on March 31. As per the audited financials, KFC posted a net profit after tax of Rs 50.19 crore as against Rs 13.20 crore in the year ended 2022. The loan portfolio stands at Rs 6,529.40 crore against last year's figure of Rs 4,750.71 crore, recording a growth of 37.44 per cent. Incidentally this is the first time that the KFC crossed Rs 5...
Leading state owned financial institution KFC's profit quadruples
Leading state owned financial institution KFC's profit quadruples
Source: IANS
7/06/2023 2:45:56 PM
Westlife Foodworld trades higher on the BSE Westlife Foodworld is currently trading at Rs. 835.80, up by 7.60 points or 0.92% from its previous closing of Rs. 828.20 on the BSE. The scrip opened at Rs. 832.05 and has touched a high and low of Rs. 844.00 and Rs. 829.10 respectively. So far 3997 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 851.35 on 01-Jun-2023 and a 52 week low of Rs. 435.80 on 22-Jun-2022. Last one week high and low of the scrip stood ...
Westlife Foodworld trades higher on the BSE
Westlife Foodworld trades higher on the BSE
Source: Accord Fintech
5/06/2023 12:29:04 PM
Add Westlife Foodworld Ltd For Target Rs 850 - ICICI Securities Westlife continues to deliver good performance on all key metrics. SSSG-driven revenue outperformance (14% 4Y CAGR vs 5% 4Y CAGR retail expansion) is impressive and is likely to be one of the top performance in QSR sector. It was likely driven by relative success (1) in the meal menu (Gourmet Burgers, Fried Chicken etc.), (2) superior dine-in experience through EOTF stores (72% of total restaurants) and (3) higher penetration of McCafe (87% of total restaurants). Consistent performance in sto...
Add Westlife Foodworld Ltd For Target Rs 850 - ICICI Securities
Add Westlife Foodworld Ltd For Target Rs 850 - ICICI Securities
Source: ICICI Securities Ltd
26/05/2023 2:48:27 PM
Hold Hatsun Agro Products Ltd For Target Rs. 870 - ICICI Securities Ltd Hatsun’s Q4FY23 gross margin of 26.8% was lowest in past 24 quarters. Higher milk procurement led by lumpy skin disease, muted flush season and intense summer have impacted the margins. However, we model the inflation in milk procurement prices to moderate by H2FY24 with ~30% correction in global SMP prices and flat cattle feed prices. The margins have likely bottomed out in our view and we model recovery in H2FY24. Strong recovery in ice cream sales is also expected to be margin accret...
Hold Hatsun Agro Products Ltd For Target Rs. 870 - ICICI Securities Ltd
Hold Hatsun Agro Products Ltd For Target Rs. 870 - ICICI Securities Ltd
Source: ICICI Securities Ltd
26/05/2023 2:40:29 PM
Buy Westlife Foodworld Ltd For Target Rs 915 - Emkay Global Financial Services In line with expectations, WLDL reported a robust 22% revenue growth in Q4, led by best-in-class SSG at 14% and 16 store additions (vs. the 5-6 quarterly average). Despite weak macros, WLDL is targeting 40-45 store additions (vs. 35 in FY23) and has guided for a strong 8% SSG in FY24 (vs. our expectation of 6% SSG). WLDL believes the format provides potential to add/scale new brand extensions, which should help it deliver a sturdy SSG in a weak environment as well. Gross margin exit at 68.2% ...
Buy Westlife Foodworld Ltd For Target Rs 915 - Emkay Global Financial Services
Buy Westlife Foodworld Ltd For Target Rs 915 - Emkay Global Financial Services
Source: Emkay Global Financial Services
18/05/2023 11:56:09 AM
Devyani International shines on incorporating wholly owned subsidiary in Dubai Devyani International is currently trading at Rs. 181.50, up by 7.45 points or 4.28% from its previous closing of Rs. 174.05 on the BSE. The scrip opened at Rs. 173.20 and has touched a high and low of Rs. 183.85 and Rs. 173.20 respectively. So far 144235 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 215.00 on 18-Aug-2022 and a 52 week low of Rs. 134.05 on 27-Mar-2023. Last one week high and low of the scrip s...
Devyani International shines on incorporating wholly owned subsidiary in Dubai
Devyani International shines on incorporating wholly owned subsidiary in Dubai
Source: Accord Fintech
18/05/2023 11:45:28 AM
Buy Sapphire Foods India Ltd For Target Rs.1,585 - JM Financial * SAPPHIRE’s revenue grew 13% YoY (7% miss), led by both KFC and Pizza hut formats. However, revenue in Sri Lanka declined due to the depreciation of LKR. EBITDA declined 2% YoY (8% miss), owing to low SSG, and therefore, negative operating leverage. 2HFY23 for PH was weak. * The company’s SSSG was weak, with KFC experiencing a growth of 2% and PH declining by 4%, due to the challenging business environment (v/s est. 1% in KFC/ a decline of 6% for PH). As a result of cooling of...
Buy Sapphire Foods India Ltd For Target Rs.1,585 - JM Financial
Buy Sapphire Foods India Ltd For Target Rs.1,585 - JM Financial
Source: Motilal Oswal Financial Services Ltd
15/05/2023 3:33:35 PM
KFC operator Sapphire Foods India's Q4 profit halves on higher costs Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, reported a 57% decline in fourth-quarter earnings on Friday, on higher expenses and stiff competition at a time when people also cut back on discretionary spending. The company's profit before tax fell to 122.8 million Indian rupees ($1.50 million) in the quarter ended March 31 from 285.9 million rupees a year earlier, the U.S.-based Yum Brands' franchisee said in an exchange filing. Consumers in the world'...
KFC operator Sapphire Foods India's Q4 profit halves on higher costs
KFC operator Sapphire Foods India's Q4 profit halves on higher costs
Source: Reuters
12/05/2023 3:30:21 PM
Godrej Agrovet gains as its Crop Protection Business launches PYNA Godrej Agrovet is currently trading at Rs. 427.65, up by 5.70 points or 1.35% from its previous closing of Rs. 421.95 on the BSE. The scrip opened at Rs. 430.05 and has touched a high and low of Rs. 431.90 and Rs. 425.70 respectively. So far 3525 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Godrej Agrovet gains as its Crop Protection Business launches PYNA
Godrej Agrovet gains as its Crop Protection Business launches PYNA
Source: Accord Fintech
11/05/2023 12:15:30 PM
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities Britannia’s 4Q performance was tad below expectation on volumes front but a way stronger gross margin for the third time in a row made up for the shortfall. The quantum of earnings beat was also led by bunched-up government incentives received, ex which EBITDA was broadly inline with what we were expecting. Volumes in terms of grammages grew in “very low single-digit” over past 6M but growth in packs sold was c.12% during Mar-Q, as per management. Going into FY24, management...
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities
Neutral Britannia Industries Ltd For Target Rs.5190 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
10/05/2023 2:40:54 PM
Neutral Westlife Foodworld Ltd For Target Rs 800 - Motilal Oswal Financial Services * WLDL (Westlife Foodworld) reported a broadly in-line operating performance, supported by 14% SSSG and 10% store adds. While the operating performance was robust, a slight miss in revenue and EBITDA resulted in an 11% miss in PAT. * The management anticipates a high single-digit SSSG and the addition of 40-45 new restaurants in FY24. The easing commodity pressures and the company’s focus on growing average unit volume are the key positive factors. This could be partly offset by an i...
Neutral Westlife Foodworld Ltd For Target Rs 800 - Motilal Oswal Financial Services
Neutral Westlife Foodworld Ltd For Target Rs 800 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/05/2023 11:02:03 AM